Use the graph and your knowledge of social studies to answer the following question. Why did the price of cotton drop after 1865?
A. The boll weevil created an abundance of cotton.
B. During the Civil War, many European textile factories had found suppliers outside the South.
C. Without slave labor, Southern farmers could not afford to grow cotton.
D. The Farmers’ Alliance forced the government to regulate crop prices.
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i think B, During the Civil War, many European textile factories had found suppliers outside the South. [ Additionally, while the conflict had been going on,Europe had sought out other sources,particularly from Egypt and India, so there was competition in the global market to supply cotton,and this helped to keep the price down after 1865. ]
thank you! and thanks for the explanation that helps alot.